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What’s to Become of Golf Courses?

RANCHO SANTA MARGARITA, CA—As more and more cities become built out, cities are now looking at golf-course land as a way to create more infill real estate to meet increased housing and commercial demands, PMRG’s Ken Arimitsu tells GlobeSt.com.

Ken Arimitsu Arimitsu: “The real value as an investment will be for those owners who are successful in uncovering some of the trapped equity in the real estate.”

RANCHO SANTA MARGARITA, CA—As more and more cities become built out, cities are now looking at golf-course land as a way to create more infill real estate to meet increased housing and commercial demands, PMRG’s SVP of golf-course and land sales Ken Arimitsu tells GlobeSt.com. Arimitsu recently represented buyer SJS Tomorrow LLC and seller Pacific Links International in the sale of the 230-acre Dove Canyon Country Club at 22682 Golf Club Dr. here for an undisclosed amount. The new ownership has selected Steele Canyon Golf Club Corp. as the course operator.

We spoke with Arimitsu about the value of golf-course land and how this will change in the future.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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